Posts Tagged ‘economy’

Three to four days a week minimum for me are on the road selling ads, or going to the studio. Can someone explain to me with production down and new supplies all over the place why gas is up to $3.02 a gallon around here?

I talked to one of my advertisers this week. The rising fuel costs over the last few weeks have consumed over a third of his profit that he works like a dog to achieve.

Has the actual cost of pumping a barrel of oil actually increased to justify the cost? Where is this extra cost actually coming from?

During the Obama years oil prices have risen steady. The effect on the price of everything has skyrocketed because of this since everything we buy is hauled by truck.

Yet we see very little of this in the news. After all The One™ was going to solve all of our problems, pay our rents, give people “Obama Money” etc etc etc.

Well now that we have Republicans in charge of at least one house I’m sure the media will start to report on some of these problems, after all there is someone to blame. For example as reported by wyblog it looks like free checking might be over:

New federal banking regulations, the cost of complying with those rules and a reduction in fees banks can charge customers will change the financial products they offer, bankers say.

Who is most likely to need free checking with low (or no) minimum balance? Poor people. Oops. I guess Elizabeth Warren hates poor people. Sorry, no bank accounts for you! We’ve got to protect morons who can’t balance their checkbooks from being charged for their laziness!

But wait, there’s more…

She apparently hates women too; her credit card regulations require that a non-working spouse can no longer use her husband’s income to qualify for credit.

Oops sorry, that is the Obama appointment, but have no fear republicans will be blamed as Don Surber notes the NYT is already on the job.

I can tell you for a fact that yesterday killing of the Omnibus spending bill will be cheered by almost every business I’ve talked to as I stated in my Examiner column today:

I submit that if a congressman, state rep or MSM reporter came with me for a week door to door; they would not dare advocate the taxes, spending and regulation that they do.

Read the whole thing as they say.

Gary Rosen and a lesson learned

Posted: December 10, 2010 by datechguy in economy, local issues
Tags: , , ,

Gary Rosen is a colleague at WCRN whose show the RAVE will precede mine this week due to college Basketball (make sure you listen this week, he will be having Greg Fettig president of the Hoosier Patriots live in studio at 4 p.m. EST, listen online via the WCRN website here).

Today he has a column in Worcester Magazine where he talks about the city tax rate and some lessons learned:

Following the hearing, Worcester’s homeowners will thank the council for throwing them their annual bone, called the lowest residential tax rate. In the meantime, the frustrated and angry commercial sector will continue to wonder why it is the victim of our city’s business-punishing dual tax rate.

“But, Councilor Rosen,” you ask, “didn’t you join the large majority of your colleagues the previous four years and vote for the lowest residential tax rate for homeowners (a.k.a. the highest possible tax rate for Worcester businesses)?” Yes, I plead guilty as charged. However, I’m now suffering some regret as I see how shortsighted those four votes were.

Gary is what you would call an honest democrat, like many on the left he made his decision on taxes meaning well but on reflection he is having some second thoughts.

As they say Read the whole thing.

When I left this morning the MSM media was groaning and complaining about the president’s compromise of taxes but Wall Street was delighted and stock shares were going up.

By the time I got home, unbelievably the president managed to groan and complain about the deal he himself had cut to the point where he managed to reverse the optimism that the deal managed to achieve.

Pundit and Pundette notes the shock of people who saw the press conference, but it is her own quote that is worth repeating:

His fifth-rate temperament was on full display today.

Nice Deb points out the 180 that he had done here, but it is her link to Ace of Spades who pulls comments from Huffpo that is really something.

Talking points memo declares Obama a Pragmatist.

Today, he very clearly and loudly said: that savior persona is not me. I am the pragmatist. And you know what, I don’t have a whole lot of patience for the idealists. I share their ideals, but I don’t share their approach and I’m not going to get bogged down in recriminations over not living up to some abstract ideal.

Meanwhile in an e-mail sent out by Move On that a friend was kind enough to forward to me they had this to say:

The “deal” he’s proposing is an “absolute disaster,” as Senator Bernie Sanders said.

But it’s not a done deal. Leading Democrat Chris Van Hollen said yesterday that “House Democrats have not signed off on any deal,” and last night Senator Sanders vowed to “do whatever I can to see that 60 votes are not acquired to pass this piece of legislation.”

Senator Sanders and other progressives in the Senate are our best hope to stop this terrible deal. But Bernie can’t do it alone.

So moveon’s hero is the one avowed socialist in the congress yet nowhere do they point out what York pointed out nor do they have a word about the AMT that has still not been addressed . Update: I stand corrected, Rachel Maddow reports they DID address this Yet here comes the new filibuster calls:

The clock’s ticking. Can you sign a petition today to leading progressives in the Senate—Sens. Feingold, Franken, Brown (OH), Boxer, Merkley, Whitehouse, Durbin, Harkin, and Schumer—urging them to stand up and use the filibuster to block this awful “deal”?

But William Jacobson says that no matter how angry progressives get they aren’t going anywhere, Stacy McCain agrees.

Now as Byron York reports; for all the screaming of the left on this deal apparently it was congress that put him in this spot in terms of blame:

To pass a measure by reconciliation, the Senate must pass a budget that contains what are called reconciliation instructions. But this year, as they faced an angry electorate and grim prospects in the midterm elections, the Democratic leadership made the specific decision not to pass a budget. Revealing their spending priorities to voters already unhappy with out-of-control federal expenditures was just too risky, so Sen. Harry Reid and party leaders punted, even though passing a budget is one of Congress’ core constitutional responsibilities.emphasis mine

A lot of people on the right were shocked the not passing of a budget (including me), but the MSM didn’t think it was newsworthy for some reason. Perhaps we on the right wouldn’t have been as upset if we knew the consequences, to wit:

With no budget, there could be no reconciliation. And no possibility of using reconciliation to extend the Bush tax cuts — which were originally passed with bipartisan support — on the Democrats’ terms. Shirking your constitutional responsibilities can have consequences.

Thus the dems were hoisted on their own petard. They held off on the budget to avoid huge losses, well that worked out didn’t it.

You might recall two years ago, when republicans met with the president objections were answered with two words “I won”.

Right back at ya.

The next two years are certainly not going to be boring.